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Foundation for Detroit's Future
Foundation for Detroit's Future reported $22.5 million in revenue and $18.9 million in expenses for calendar year 2024. Of every $100 it spent, $99.62 went to program services, $0.38 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 92.9% of the total. The highest compensation it reported for one person was $719,647 (PRESIDENT/SECRETARY). Revenue fell 14% between 2020 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $19MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $23MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 99.6% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 0.4% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 92.9% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $719,647 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.80% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 0 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 30.3 | 9.2 |
| Independent voting board members Part VI 1a–1b | 4 of 5 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseSupport of fdf's role to help improve the quality of life in southeast michigan primarily as the charitable entity that manages the dia settlement (commonly known as the "grand bargain") approved as part of the plan of adjustment that concluded the bankruptcy proceedings of the city of detroit. Subject to the terms and conditions of the settlement agreement, on the closing date (2014) and on an annual basis thereafter commencing in 2016, payments will be made to the city subject to the conditions of that settlement agreement
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT/SECRETARY Director/trustee, officer, 0.50 hrs/week | $0 | $654,744 | $64,903 | $719,647 |
| VP, FINANCE AND ADMINISTRATION Officer, 0.50 hrs/week | $0 | $263,812 | $52,000 | $315,812 |
0 people received more than $100,000 in reportable compensation from Foundation for Detroit's Future (Part VII, line 2).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b5 · 4 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 64
Private foundation grants it received
10 private foundations reported grants to Foundation for Detroit's Future totaling $13M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Foundation for Detroit's Future's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Foundation for Detroit's Future, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Foundation for Detroit's Future spent in 2024, $99.62 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Pennyrile Allied Community ServicesHopkinsville, KY · revenue $22M · programs 91.7% · FY2025
- Goodwill Foundation of Middle TennesseeNashville, TN · revenue $23M · programs 98.9% · 2025
- Metropolitan Development CouncilTacoma, WA · revenue $22M · programs 91.0% · 2024
- Step Up SuncoastSarasota, FL · revenue $23M · programs 88.3% · 2025
- Movement Strategy CenterOakland, CA · revenue $22M · programs 87.6% · FY2025
All community improvement & capacity building charities · Largest charities in Michigan
Questions people ask
How much of Foundation for Detroit's Future's spending goes to programs?
In calendar year 2024, Foundation for Detroit's Future reported that 99.6% of its $18.9 million in expenses went to program services, 0.4% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Foundation for Detroit's Future pay its top executive?
The largest total compensation Foundation for Detroit's Future reported for one person in calendar year 2024 was $719,647, for the role of PRESIDENT/SECRETARY (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Foundation for Detroit's Future get its money?
Of $22.5 million in revenue in calendar year 2024, 92.9% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Foundation for Detroit's Future a registered charity?
The IRS lists EIN 46-4873153 as a 501(c)(3) organization (supporting organization, type i), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533219349314903 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423139349300812 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303199349327845 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203079349300600 · read the filing
- 2020: Form 990 for calendar year 2020, object 202113169349310476 · read the filing
All filings for EIN 46-4873153: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.